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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for NGL Energy Partners LP's Debt-to-EBITDA or its related term are showing as below:
NGL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -27.95 Med: 6.89 Max: 12.47
Current: 9.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of NGL Energy Partners LP was 12.47. The lowest was -27.95. And the median was 6.89.
NGL's Debt-to-EBITDA is ranked worse than 91.62% of 704
companies
in the Oil & Gas industry
Industry Median: 2.015
vs NGL: 9.96
NGL Energy Partners LP (NYSE:NGL) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
NGL Energy Partners LP Debt-to-EBITDA Related Terms
NGL Energy Partners LP Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for NGL Energy Partners LP's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, NGL Energy Partners LP's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NGL Energy Partners LP Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NGL Energy Partners LP's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NGL Energy Partners LP's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
NGL Energy Partners LP (NGL) has a Debt-to-EBITDA of -5.28 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NGL Energy Partners LP. According to the industry distribution chart, NGL Energy Partners LP ranks #645 out of 704 companies in the Oil & Gas industry, placing it in the top 91.6%.
Is NGL Energy Partners LP's Debt-to-EBITDA too high?
NGL Energy Partners LP's current Debt-to-EBITDA is -5.28. Based on the distribution chart, NGL Energy Partners LP ranks #645 out of 704 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NGL Energy Partners LP has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NGL Energy Partners LP's Debt-to-EBITDA compare to GEL and TNK?
According to the Oil & Gas industry distribution chart, NGL Energy Partners LP ranks #645 out of 704 companies for Debt-to-EBITDA. This places NGL Energy Partners LP in the lower half of its industry. The industry median Debt-to-EBITDA is 2.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.02, based on 704 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on NGL Energy Partners LP. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NGL Energy Partners LP's current Debt-to-EBITDA is -5.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGL Energy Partners LP stock overvalued right now?
Based on GuruFocus' analysis, NGL Energy Partners LP (NGL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.39, compared to a current price of $15.32 — trading 249% above its estimated fair value. The current Debt-to-EBITDA is -5.28. NGL Energy Partners LP's overall GF Score™ is 46/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For NGL Energy Partners LP (NGL), the current Debt-to-EBITDA is -5.28 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NGL Energy Partners LP (NGL) Overvalued in 2026?
Based on GuruFocus' analysis, NGL Energy Partners LP stock appears to be overvalued.
The current stock price of $15.32 is trading 249% above its estimated GF Value™ of $4.39.
GuruFocus considers NGL Energy Partners LP to be Significantly Overvalued.
Key valuation signals for NGL:
Debt-to-EBITDA: -5.28
GF Value™: $4.39 vs. price of $15.32 (249% above fair value)
No single metric tells the full story. See the NGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NGL Energy Partners LP is a USA-based firm that owns and operates a vertically integrated energy business. The company's operating segments include Crude Oil Logistics, Water Solutions, and Liquids Logistics. It operates crude oil Logistics, owns pipeline injection stations, and offers services for the treatment and disposal of wastewater generated from crude oil and natural gas production, as well as for the disposal of solids, such as tank bottoms and drilling fluids. The firm also supplies natural gas liquids to retailers, wholesalers, refiners, and petrochemical plants and sells propane and distillates.
46GF Score
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